MINNEAPOLIS (AP) - Organizers of Minnesota's bid for the 2018 Super Bowl say the local corporate community will cover most of the costs.
US Bank CEO Richard Davis co-chairs the bid committee. He says local corporations pledged enough to cover 75 percent of the estimated $30 million to $40 million in costs just within the first seven days of the drive.
But the co-chairs gave few details about their proposal to NFL owners, saying they don't want to give anything away to Indianapolis and New Orleans, the other cities competing for the game. T
They say their proposal includes rebates that will be a fraction of the extra tax revenue the state would collect. Organizers will make their presentation to team owners May 20, and will learn that day whether they got the bid.